Several other analysts have also recently commented on TWTR. SunTrust Banks Inc. restated a buy rating and issued a $18.00 target price on shares of Twitter in a research note on Tuesday, May 31st. Cantor Fitzgerald restated a buy rating on shares of Twitter in a research note on Saturday, June 4th. Tigress Financial restated a neutral rating on shares of Twitter in a research note on Tuesday, June 14th. MKM Partners restated a buy rating on shares of Twitter in a research note on Wednesday, June 22nd. Finally, Monness Crespi & Hardt cut shares of Twitter from a buy rating to a neutral rating in a research note on Monday, July 11th. Nine analysts have rated the stock with a sell rating, twenty-nine have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. Twitter currently has a consensus rating of Hold and a consensus price target of $19.65.
Shares of Twitter (NYSE:TWTR) opened at 22.62 on Friday. The stock’s market cap is $15.84 billion. Twitter has a 52 week low of $13.73 and a 52 week high of $31.87. The company’s 50-day moving average is $18.99 and its 200 day moving average is $16.94.
Twitter (NYSE:TWTR) last released its earnings results on Tuesday, July 26th. The social networking company reported $0.13 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.03. Twitter had a negative net margin of 16.51% and a negative return on equity of 6.01%. The company earned $602 million during the quarter, compared to analysts’ expectations of $606.37 million. During the same quarter last year, the business earned $0.07 EPS. The business’s revenue was up 19.9% on a year-over-year basis. Analysts forecast that Twitter will post $0.51 earnings per share for the current fiscal year.
In other Twitter news, insider Adam Messinger sold 52,914 shares of the business’s stock in a transaction dated Monday, August 1st. The stock was sold at an average price of $16.76, for a total transaction of $886,838.64. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Robert Kaiden sold 13,231 shares of the business’s stock in a transaction dated Thursday, August 4th. The stock was sold at an average price of $17.87, for a total value of $236,437.97. The disclosure for this sale can be found here. 10.79% of the stock is currently owned by company insiders.
A number of hedge funds have recently bought and sold shares of TWTR. Swiss National Bank increased its stake in Twitter by 3.7% in the second quarter. Swiss National Bank now owns 1,564,600 shares of the social networking company’s stock valued at $26,457,000 after buying an additional 56,500 shares during the last quarter. Fox Run Management L.L.C. bought a new stake in Twitter during the first quarter valued at about $265,000. State Board of Administration of Florida Retirement System increased its stake in Twitter by 21.3% in the second quarter. State Board of Administration of Florida Retirement System now owns 901,244 shares of the social networking company’s stock valued at $15,240,000 after buying an additional 158,309 shares during the last quarter. Norges Bank bought a new stake in Twitter during the fourth quarter valued at about $78,597,000. Finally, Legal & General Group Plc increased its stake in Twitter by 4.1% in the first quarter. Legal & General Group Plc now owns 1,756,013 shares of the social networking company’s stock valued at $29,062,000 after buying an additional 69,951 shares during the last quarter. Hedge funds and other institutional investors own 41.87% of the company’s stock.
Twitter, Inc (Twitter) offers products and services for users, advertisers, developers and platform and data partners. The Company’s service is live-live commentary, live connections, live conversations. Its products and services for users include Twitter, and Periscope and Vine. Its Twitter is a platform for public self-expression and conversation in real time.
Receive News & Ratings for Twitter Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Twitter Inc. and related companies with MarketBeat.com's FREE daily email newsletter.